Non-resident Indian real estate in home country projected to hit $18bn by 2020, from $10.2bn in 2018.: “Property investment is increasingly emerging as the most preferred asset class among NRIs in view of the projected high returns, lower risks, attractive rental income and tax break. Real estate has always been a favourite investment asset class for NRIs,” said Cherian Kuriakose, senior consultant, Ren & Cherry Consultants LLC, Dubai. Higher returns and price appreciation are predicted by many market studies.